NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Friday, December 6th. Investors of record on Thursday, December 26th will be given a dividend of $0.06 per share on Thursday, January 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 24th. View Marvell Technology Group's Dividend History.

Marvell Technology Group declared that its board has authorized a share repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings data on Tuesday, December, 3rd. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.17. The semiconductor company earned $662 million during the quarter, compared to analysts' expectations of $660.94 million. Marvell Technology Group had a positive return on equity of 3.59% and a negative net margin of 16.47%. Marvell Technology Group's revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its fourth quarter earnings guidance on Tuesday, December, 3rd. The company provided EPS guidance of $0.15-$0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of $727.5-$772.5 million, compared to the consensus revenue estimate of $695.87 million.

24 analysts have issued 1-year price targets for Marvell Technology Group's stock. Their forecasts range from $24.00 to $32.00. On average, they anticipate Marvell Technology Group's share price to reach $28.50 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

Headlines about MRVL stock have been trending positive recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Marvell Technology Group earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Marvell Technology Group.

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Silicon Laboratories (SLAB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Cisco Systems (CSCO), Home Depot (HD), AT&T (T), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.40%), California Public Employees Retirement System (0.24%), Strs Ohio (0.21%), Cookson Peirce & Co. Inc. (0.14%), Scout Investments Inc. (0.13%) and Columbus Circle Investors (0.11%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Strs Ohio, SG Americas Securities LLC, Cookson Peirce & Co. Inc., Nisa Investment Advisors LLC, Enterprise Financial Services Corp, World Asset Management Inc and IFM Investors Pty Ltd. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Jag Capital Management LLC, Columbus Circle Investors, California Public Employees Retirement System, Calamos Advisors LLC, Deltec Asset Management LLC, Three Peaks Capital Management LLC and Assenagon Asset Management S.A.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $26.33.

Marvell Technology Group has a market capitalization of $17.66 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

The official website for Marvell Technology Group is http://www.marvell.com/.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]